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Strategies & Market Trends : Dividend investing for retirement
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To: Steve Felix who wrote (8821)5/1/2011 11:02:53 AM
From: E_K_S  Read Replies (2) of 34328
 
Hi Steve -

I noticed that from time to time you do re-balancing of the portfolio where you either close out some positions or trim back some holdings. For example, you closed out BMY which you held some time ( I also followed you on that trade but only sold 1/3) and now its at a 52wk high.

What's your overall strategy on this type of portfolio turnover? Are you looking to turn the portfolio every five years or more? Or is it more of a buy the dividend achievers, harvest the dividend income and invest the proceeds into other emerging dividend stocks and basically hold "the achievers" for ever?

Some investors (& mutual funds) must have a turnover rate of 3 years or less or they feel that they are not managing the assets well enough. I tend to go with the buy and hold approach but focus on quality. I believe my IRA account has a portfolio turnover rate of 10 years or more. I rarely close out a position and move the proceeds into something new. However, when I do an initial buy, I try to focus on quality specifically dividend achiever companies.

I noticed that some of your best (recent) performers are non dividend achievers and smaller unknown companies (ie EGAS). So what's your strategy regarding overall portfolio turnover and trading in the IRA account?

EKS
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